Newkirk Co. has identified one of its cost pools to be quality control and has assigned $57,084 to that pool. Number of inspections has been chosen as the cost driver for this pool; Newkirk performs 26,800 inspections annually. Suppose Newkirk manufactures two products that consume 10,184 and 16,616 inspections each.
| Required : |
|
Using activity rates, determine the amount of quality control cost to be assigned to each of Newkirks product lines. (Round your intermediate calculations and final answers to 2 decimal places. Omit the “$” sign in your response.) |
| Quality Control Costs | |
| Product 1 | $ |
| Product 2 | $ |